Major Pair Currency Score: NZD/USD and AUD/USD Lead Forex Rally with Perfect 100 Scores 
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- AUD/NZD is trading around 1.0326 marks.
- Pair made intraday high at 1.0367 and low at 1.0315 marks.
- Intraday bias remains bearish till the time pair holds key resistance at 1.0450 marks.
- On the top side, a sustained close above 1.0450 will drag the parity higher towards 1.0538/1.0647/1.0748/1.0823/1.0976 (January 2016 high) /1.1062 (30D EMA)/1.1123/1.1298/1.1317 levels respectively.
- Alternatively, a sustained break below 1.0315(May 05, 2015 low) will take the parity down towards key supports around 1.0261 and 1.0109 marks respectively.
- Today S&P revises Australia’s sovereign credit outlook down to negative from stable; Current rating is AAA.
We prefer to take short position in AUD/NZD only below 1.0315, stop loss 1.0450 and target 1.0261/ 1.0109 marks.
